Goldman and Nomura lead South Korea's biggest float

By

Harry Wilson

January 13, 2006 5:00 p.m. GMT

Goldman Sachs and Nomura are to lead South Korea's largest initial public offering, after winning a mandate to run the Seoul and London flotations of retailer Lotte Shopping. The deal is expected to raise $3.75bn (€3.1bn).

Lotte's float, which is due in early February, will raise more than the 10 largest South Korean floats of the last five years combined.